Crypto news

Ethereum price rallied recently above the $150 and $160 levels against the US Dollar.ETH price even surged above the $165 resistance and tested the $176 region.Earlier, there was a break above a key contracting triangle with resistance near $142 on the 4-hours chart (data feed from Coinbase).The price could correct a few points, but dips remain well supported near $164 or $158.Ethereum price is now trading in a strong uptrend above $158 against the US Dollar. ETH/USD is likely to extend its...

Bitcoin has been struck hard by the economic conditions we’re facing, but there appears to be some positivity in all this. Dark web markets – which typically rely on assets like bitcoin and other crypto to clear transactions – are seeing a lot less business these past few weeks as people turn more to cash than they do digital currencies.The Dark Web Has Taken a Huge HitData from security firm Chainalysis suggests that over the last two months, people have spent a lot less money on the dark...

Darknet markets are seeing increases of suspicious merchandise advertised to protect or even fight the COVID-19 pandemic. The sales are conducted in several countries using bitcoin and other cryptocurrencies as the primary payment method.Selling Coronavirus Merchandise Via CryptoThe rapidly expanding novel virus scared a lot of people, and they rushed to purchase protective gear such as N95 respirator masks. Naturally, the increased demand and the limited supply boosted the price of the...

The Keep Network – which looks to bring a new level of privacy to bitcoin through Ethereum – has closed a funding round that garnered close to $8 million from investors like Paradigm, Collaborative Fund and Para FI Capital.The Keep Network Has a Lot of Money to Its NameThe Keep Network is a regular contributor to what’s known as t-BTC, which seeks to ensure Ethereum-based assets are available on the bitcoin blockchain.Paradigm founder Fred Ehrsam – who also co-founded Coinbase, one of the...

On Monday Microsoft stock experienced a 5% market rise. The global computer software firm is well-placed to outlive the coronavirus storm better than many other stocks.Global computer software firm, Microsoft Corporation (NASDAQ: MSFT) stock has experienced a 5% market rise on Monday. Since sliding during the coronavirus sell-off, the firm’s stock did not plunge into the red in the first quarter. However, the firm’s stock trades 17% below it high on February 17.In the firm’s fiscal...

Former Goldman Sachs fund manager Raoul Pal has warned that the coronavirus’ effects on the global economy are about to get worse. In the meantime, he’s gone ahead and moved more than 25 percent of his portfolio into bitcoin and cryptocurrencies.Raoul Pal Is a Big Fan of BTCThis is an interesting notion on Pal’s part considering many analysts don’t see bitcoin as the “safe haven” so many people would like it to be. The currency is considered by many to have failed the “safe haven” test it was...

Tesla (TSLA) caught an upgrade Monday morning that sent its stock up over 5%. Even though some analysts see opportunity in the stock, many questions remain about how the COVID-19 crisis will affect electric-vehicle demand.Tesla Inc (NASDAQ: TSLA) jumped on Monday more than 5% at the opening after Jefferies raised its grade to buy. One of the reasons for upgrade was definitely the fact that Tesla is a clear leader in the electric-vehicle sector. Jefferies analyst Philippe Houchois explained...

Nestlé has expanded the use of the IBM Food Trust blockchain technology platform to its Zoégas coffee brand. The company has launched select editions of Zoégas whole beans and roast & ground coffee in Sweden. This ‚Summer 2020‘ range is a 100% Rainforest Alliance certified blend of arabica coffee beans from three origins – Brazil, Rwanda and Colombia. Through...

Ethereum’s co-founder, Vitalik Buterin, bashed those making over-confident predictions in the cryptocurrency industry. However, he also took the blame for doing the same thing with Ethereum’s roadmap.Wrong Predictions in CryptoFor one thing, predictions and forecasts help us prepare for the future as they tell us what to expect. However, the number of fake predictions we see every day in all sectors has become quite alarming.With no accountability, especially in crypto, we see self-acclaimed...

TRON flashes mid-term bullish following the recent increase in Bitcoin’s price.TRX price could surge in the coming days due to the latest increase in buying volume.TRX/USD: Tron Eyes $0.015 ResistanceKey Resistance Levels: $0.014, $0.015Key Support Levels: $0.012, $0.0106TRX/USD. Source: TradingViewThe latest increase in Bitcoin’s price and volume has led to significant growth in the entire crypto market cap – $197.5 billion, now closing $200 billion by the day.As a result of this, the price...